Derivative at a Point: Tangent Line and Demand Curve Equations

In summary, a derivative at a point is a measure of the instantaneous rate of change of a function at a specific point on its graph. It is represented by the slope of the tangent line to the curve at that point. The equation of the tangent line is directly related to the value of the derivative at that point, and in economics, the derivative at a point represents the marginal rate of change of a demand curve. The derivative at a point can be negative, indicating a decreasing function, and it can be calculated using the limit definition, differentiation rules, or graphical methods.
  • #1
lolo105
2
0

Homework Statement


a)Find the equation of the tangent line to f(x) = (x - 6)^8 at the point where x = 7.




b)The demand curve for a product is given by
q = f(p) = 5,000e-0.30p,
where q is the quantity sold and p is the price of the product, in dollars. Find f(6) and f'(6).



Homework Equations


a)sustitute x for 8

b) to find F(6) i sutitute p for 6
to find F'(6) i sustitute p for 6?




The Attempt at a Solution



a)the solution is 1 and this is incorrect

b)in F(6)=826 this is correct
in F'(6)=247.94 this is incorrect
 
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  • #2
Substitute x for 8? What does that mean?

Show us more of your work for finding the derivatives of these functions. Maybe we can point out what you're doing wrong.
 
  • #3
Keep in mind that you're finding an equation for part (a), and not a number.

As hage567 said showing some work would be beneficial to all.
 
  • #4
What is the derivative of (x- 6)8?
 
  • #5
Part A: If x=7 is the point of tangency, the slope of the tangent line to the function is the derivative of that function evaluated at the point x. So first find the derivative of your function, then evaluate it at the point of tangency. Given the slope, you can find the equation of the line given a set of points on that line.
 
  • #6
It's clear that, after having posted this same problem repeatedly and being told, repeatedly, that he must show some effort himself, lolo105 is still expecting someone to do the problem for him!
 

1. What is a derivative at a point?

A derivative at a point is a measure of the instantaneous rate of change of a function at a specific point on its graph. It represents the slope of the tangent line to the curve at that point.

2. How is the tangent line equation related to the derivative at a point?

The equation of the tangent line at a point on a curve is directly related to the value of the derivative at that point. The slope of the tangent line is equal to the value of the derivative at that point.

3. What is the significance of the derivative in economics?

In economics, the derivative at a point represents the marginal rate of change of a demand curve. This is a crucial concept in understanding how changes in price affect the quantity demanded of a product.

4. Can the derivative at a point be negative?

Yes, the derivative at a point can be negative. This would indicate that the function is decreasing at that point, and the tangent line would have a negative slope.

5. How can the derivative at a point be calculated?

The derivative at a point can be calculated using the limit definition of a derivative, which involves taking the limit of the difference quotient as the change in x approaches 0. Alternatively, it can be calculated using differentiation rules or through graphical methods.

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